* MBIA Inc reported a quarterly adjusted loss of $1.18 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-2.92. The mean expectation of four analysts for the quarter was for a loss of 33 cents per share. Wall Street expected results to range from -52 cents to -16 cents per share.
* Revenue fell 10% to $9.00 million from a year ago; analysts expected $7.00 million.
* MBIA Inc's reported EPS for the quarter was a loss of $1.18.
* The company reported a quarterly loss of $56 million.
* MBIA Inc shares had risen by 17.9% this quarter and lost 31.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the property & casualty insurance peer group is "hold."
Wall Street's median 12-month price target for MBIA Inc is $5.50 This summary was machine generated from LSEG data November 8 at 09:47 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jan. 1 0001 -0.33 -1.18 Missed
Jun. 30 2024 -0.15 -2.90 Missed
Mar. 31 2024 -0.15 -0.52 Missed
Dec. 31 2023 -0.13 -0.16 Missed
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